CONCURRENT SESSIONS I

 

MONDAY, AUGUST 3rd  –  CONCURRENT SESSIONS I

A Risk Preferences Moderator: Sebastian Ebert,
Tilburg University
Room A014
2.45 – 3.15 pm The Probability Premium Approach to Comparative Risk Aversion
• Liqun Liu, Texas A&M University
• William Neilson, University of Tennessee
Discussant: Christophe Courbage, The Geneva Association
3.15 – 3.45 pm Hedge or Not to Hedge? Evidence via Almost Stochastic Dominance
• Hsuan Fu, Imperial College London
• Yu-Chin Hsu, Academia Sinica
• Rachel Huang, National Central University
• Larry Tzeng, National Taiwan University
Discussant: Richard Peter, LMU Munich
3.45 – 4.15 pm Moral Hazard and State Dependent Utility with Loss Reduction
• Jimin Hong, Seoul National University
• S. Hun Seog, Seoul National University
Discussant: Khalid Al Amri, Sultan Qaboos University
B Actuarial Science in Life Insurance Moderator: W. Jean Kwon,
St. John’s University
Room A015
2.45 – 3.15 pm Risk Management of Policyholder Behavior in Equity-Linked Life Insurance
• Anne Mackay, ETH Zurich
• Maciej Augustyniak, University of Montréal
• Carole Bernard, Grenoble École de Management
• Mary Hardy, University of Waterloo
Discussant: Maria Alexandrova, Friedrich-Alexander-University of Erlangen-Nürnberg
3.15 – 3.45 pm Pricing of Variable Annuities – Incorporation of the Stochastic Surrender Behavior of Policyholders
• Marcos Escobar, Ryerson University
• Mikhail Krayzler, Technische Universität München
• Franz Ramsauer, Technische Universität München
• David Saunders, University of Waterloo
• Rudi Zagst, Technische Universität München
Discussant: Alexander Bohnert, Friedrich-Alexander-University of Erlangen-Nürnberg
3.45 – 4.15 pm Lapse and Reentry in Variable Annuities
• Thorsten Moenig, University of St. Thomas
• Nan Zhu, Illinois State University
Discussant: Carole Bernard, Grenoble École de Management
C Corporate Governance Moderator: Georges Dionne,
HEC Montréal
Room A016
2.45 – 3.15 pm Do Financial Experts on the Board Matter?
An Empirical Test from the United Kingdom’s Non-Life Insurance Industry
• Mike Adams, University of Bath
• Wei Jiang, University of Manchester
Discussant: Hazel Bateman, University of New South Wales
3.15 – 3.45 pm Organizational Structure, Corporate Governance, Loss Reserve Error and Actuaries Switching in the U.S. Property Casualty Insurance Industry
• Chia-Ling Ho, Tamkang University
Discussant: Jing Ai, University of Hawaii at Manoa
3.45 – 4.15 pm Are CEOs Rewarded for Luck? – Evidence from the US Property-Liability Insurance Industry
• Gyu Dong Kim, Temple University
Discussant: Haruyoshi Ito, International University of Japan
D Affordable Care Act Moderator: Richard Butler,
Brigham Young University
Room A017
2.45 – 3.15 pm Does Diversification Benefits Health Insurers?
• Etti Baranoff, Virginia Commonwealth University
• Thomas Sager, University of Texas at Austin
• Bo Shi, Morehead State University
Discussant: Christian Biener, University of St. Gallen
3.15 – 3.45 pm Competition in Health Insurance Exchanges
• Cameron Ellis, University of Georgia
• Joshua Frederick, University of Georgia
Discussant: Michael Hanselmann, LMU Munich
3.45 – 4.15 pm The Market Impact of the Supreme Court Decision Regarding the Patient Protection and Affordable Care Act: Evidence from the Health Insurance Industry
• James I. Hilliard, Northern Arizona University
• Andre Liebenberg, University of Mississippi
• Ivonne Liebenberg, University of Mississippi
• Joseph Ruhland, Georgia Southern University
Discussant: Jill Bisco, University of Akron
E Solvency II Moderator: Sabine Wende,
University of Cologne
Room A021
2.45 – 3.15 pm Solvency II Solvency Capital Requirements based on Expected Shortfall
• Tim Boonen, University of Amsterdam
Discussant: Jana Ohls, Deutsche Bundesbank
3.15 – 3.45 pm Maximizing the Return on Risk-Adjusted Capital: A Performance-Perspective Under Solvency II
• Alexander Braun, University of St. Gallen
• Hato Schmeiser, University of St. Gallen
• Florian Schreiber, University of St. Gallen
Discussant: Olivier Le Courtois, EMLYON Business School
3.45 – 4.15 pm Inside the Solvency 2 Black Box: Net Asset Values and Solvency Capital Requirements with a Least-Squares Monte-Carlo Approach
• Anthony Floryszczak, SMA Group
• Olivier Le Courtois, EMLYON Business School
• Mohamed Majri, SMA Group
Discussant: Florian Schreiber, University of St. Gallen
F Economic Development and Insurance Moderator: Martin Halek,
University of Wisconsin-Madison
Room A022
2.45 – 3.15 pm How Can China Become a Real Insurance Power? – Findings from the Study on Causality between Social Development and Insurance
• Liyu Feng, Central University of Finance and Economics
Discussant: Qiongqi Xiao, Washington State University
3.15 – 3.45 pm The S-curve and Reality
• Giovanni Millo, Assicurazioni Generali
Discussant: Ginger Turner, Swiss Re
3.45 – 4.15 pm The Relationship between Insurance Market Activity and Economic Growth
• Yana Petrova, Lund University
Discussant: J. François Outreville, Bureau du BIEF
G Catastrophe Insurance Moderator: Martin Grace,
Georgia State University
Room E004
2.45 – 3.15 pm Demand for Catastrophe Insurance and the Representative Heuristic
• Randy Dumm, Florida State University
• David Eckles, University of Georgia
• Chuck Nyce, Florida State University
• Jacqueline Volkman-Wise, Temple University
Discussant: Petra Steinorth, St. John’s University
3.15 – 3.45 pm Seeing is Believing? Evidence from Earthquake Insurance Market
• Xiao (Joyce) Lin, University of Connecticut
Discussant: Patricia Born, Florida State University
3.45 – 4.15 pm Estimating the Effects of a Public Asset Insurance Program on Short-Term Recovery after a Disaster: A Spatial Regression Discontinuity Approach
• Paul Raschky, Monash University
Discussant: Julian Hochscherf, University of Hohenheim
H Tail Risk Moderator: Mark Browne,
St. John’s University
Room E006
2.45 – 3.15 pm Tail Risk Hedging and Regime Switching
Markus Huggenberger, University of Mannheim
• Peter Albrecht, University of Mannheim
• Alexandr Pekelis, University of Mannheim
Discussant: Montserrat Guillén, University of Barcelona
3.15 – 3.45 pm Tail Risk Spillover and its Contribution to Systemic Risk: A Network Analysis for Global Reinsurers
• Hua Chen, Temple University
• Tao Sun, Temple University
Discussant: Youngkyun Park, University of Idaho
3.45 – 4.15 pm Paradox-Proof Utility Functions for Heavy-Tailed Losses: The Insurance Two-Envelope Problem
• Siwei Gao, Eastern Kentucky University
• Michael Powers, Tsinghua University
Discussant: Sojung Park, Seoul National University
I Microinsurance Moderator: Richard Phillips,
Georgia State University
Room A119
2.45 – 3.15 pm Building Inclusive Insurance Markets: The Effect of Religion on Micro Life Insurance Demand
• Anja Erlbeck, University of Cologne
Discussant: Ching-Yuan Hsiao, National Chengchi University
3.15 – 3.45 pm The Complementary Role of Microcredit and Microinsurance in Poverty Reduction
• Wei Huang, University of International Business and Economics Beijing
• Wei Zhu, University of International Business and Economics Beijing
Discussant: Jack S.K. Chang, California State University
3.45 – 4.15 pm Ethical Standards of Life Insurance Companies in Bangladesh: The Policyholders‘ View
• Muhammad Mamun, University of Dhaka
Discussant: Xinli Liu, Peking University
J Earnings Management Moderator: James Carson,
University of Georgia
Room A125
2.45 – 3.15 pm Managerial Overconfidence and Earnings Management
• Thomas Berry-Stölzle, University of Iowa
• Evan Eastman, University of Georgia
• Jianren Xu, California State University
Discussant: Sangyong Han, Washington State University
3.15 – 3.45 pm Portfolio Management and Earnings Management: Evidence from Property and Casualty Insurers
• Joseph Comprix, Syracuse University
• Kimberly Luchtenberg, East Carolina University
• Willie Reddic, DePaul University
Discussant: Martin Eling, University of St. Gallen
3.45 – 4.15 pm Capital Market Effects of Life Insurers‘ Embedded Value Disclosure
• Tobias Gerstner, LMU Munich
• Dominik Lohmaier, LMU Munich
• Andreas Richter, LMU Munich
Discussant: Yayuan Ren, Illinois State University